Cofound.it announces live crowdsale participants

Cofound.it, a platform for training the world’s most promising blockchain startups, has announced the six startups chosen by its community to participate in Cofound.it Playoffs. The startups will participate in the “live” crowdsale event in Ljubljana, Slovenia on November 30, surrounded by Cofound.it Priority Pass members and other supporters. Each team will aim to raise up to $400,000 USD during the 12-hour long crowdsales, which will be exclusively open to Priority Pass members.

“These teams are the first crowdsales for the Cofound.it seed Program,” program head David Prais said. “Support from our Priority Pass members in this early seed round is vital. Because these teams are at an earlier stage of development, all Cofound.it Priority Pass members supporting the crowdsales will receive a 100% per cent bonus in Ethereum on their contributed funds.”

Supporters will receive a 100 per cent bonus on ETH contributed to the crowdsales. For every 1 ETH of tokens contributed at the Playoffs event, supporters will be issued 2 ETH worth of tokens during the full crowdsale.

At the event, Priority Pass members will be able to contribute to the seed crowdsales of their favorite startups, helping them develop their teams and products in preparation for subsequent, public crowdsales.

A two-time LendIt Journalist of the Year nominee and winner in 2018, Tony has written more than 2,000 original articles on the blockchain, peer-to-peer lending, crowdfunding and emerging technologies over the past seven years, making him one of the senior writers in the alt-fi sector.

"The evolution of the crowdfunding and peer-to-peer lending scenes is absolutely fascinating to chronicle. It is a joy to be around people with such passion and vision."